MOSCOW (MRC) -- Chevron Singapore Pte. Ltd., which markets the Caltex® retail brand in Singapore, has launched the Caltex Carbon Offset Programme, the first voluntary carbon offset programme for its Caltex service stations in Singapore, said the company.
Integrated into CaltexGO, Caltex’s mobile payment app, customers enrolled in the Caltex loyalty programme can choose to opt-in and use their loyalty points earned from their fuel purchase to offset a portion of the greenhouse gas (GHG) emissions from the combustion of the fuel purchased when they make payment for their fuel purchases via the CaltexGO app.
Using loyalty points voluntarily contributed by customers enrolled in the Caltex loyalty programme, Caltex and/or its affiliates will purchase verifiable carbon offsets from projects that reduce, remove or avoid portion of GHG emissions from the atmosphere and retire such carbon offsets on a monthly basis, so as to offset a portion of the greenhouse gas emissions from the combustion of relevant fuel purchased.
When customers fuel up at Caltex service stations and pay via the CaltexGO app, a fuel purchase of 50 litres will generate 100 loyalty points. The customer may opt in to contribute their loyalty points earned from their fuel purchase towards the purchase of carbon offsets and offset a portion of the GHG emissions from the combustion of their fuel purchased. These carbon offsets are verified by an independent third-party, the Verified Carbon Standard Program.
For the launch, Chevron Singapore has chosen to purchase carbon offsets from identified nature-based projects from the Verra registry. More details of the projects can be found in Annex A.
"Chevron Singapore is committed to protecting the environment and we believe our customers are too. By integrating the option to participate in the Caltex Carbon Offset Programme in CaltexGO, we kept it simple, allowing our customers to enjoy the seamless experience they are familiar with,” said Fish. “We will continue to test and evaluate our programme to provide lower carbon options for our customers in the future."
As MRC wrote earlier, in August 2021, Chevron and other partners said they are investing in a startup to build modular waste-to-green hydrogen and renewable synthetic fuel facilities in northern California with tentative plans to eventually grow worldwide. The USD20 million investment in Wyoming-based Raven SR is focused on technology to develop combustion-free, green hydrogen for transportation that is cleaner than so-called blue hydrogen derived from natural gas.
We remind that Chevron Phillips Chemical, a joint venture of Phillips 66 and Chevron, will make a final investment decision on a new cracker in far southeast Texas in 2022, followed by an FID in 2023 on an USD8 billion joint venture petrochemical complex along the US Gulf Coast in 2023.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas.shipments of PP random copolymers decreased significantly.
Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes.
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